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Economics Asked by a SnapAndSolve user · about 1 hour ago

Rank the three types of deposits that savers make at banks from "most liquid" to "least liquid." Rank the...

2. Rank the three types of deposits that savers make at banks from "most liquid" to "least liquid."
Rank the three types of deposits that savers make at banks from the "highest return" to "lowest return."
If you wanted to save money at your bank for a purchase you plan to make one year from now, which type of deposit would you make? Why?

Answer

  1. Most Liquid to Least Liquid:

    1. Checking Account
    2. Savings Account
    3. Certificate of Deposit (CD)
  2. Highest Return to Lowest Return:

    1. Certificate of Deposit (CD)
    2. Savings Account
    3. Checking Account
  3. Recommended Deposit for One-Year Savings: A Certificate of Deposit (CD) would be a suitable choice as it typically offers a higher interest rate compared to savings or checking accounts, and the one-year term aligns well with your savings goal.

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